The Editorial Team |

Egypt Market Watch | 05 Nov 2015: Positive mood stays on, all sector indices in green, shareholders value US$449 million up …

Cairo, Egypt, Capital Markets in Africa — The Egyptian Exchange equity trading session stayed in the southward region after EGX30 index hit its 3-week high. The market capitalization closed at EGP 452.309 billion after gaining EGP 3.6 billion (US$449 million) relatively to EGP 448.694 billion recorded at the previous trading session. The benchmark index EGX30 added 1.23 percent or 91.36 points to end 7,541.72 points. The equal-weighted indexes EGX50 grew by 1.66 percent or 20.79 points to settle at…

Morocco Equity Markets | 05 Nov 2015: Equity markets continue uptrend, investors reward with US$ 323 million …

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Casablanca, Morocco, Capital Markets in Africa — The Bull continued its supremacy on the Moroccan equity trading session after the Moroccan benchmark stock index (measured as MASI Index) surged by 0.65 percent to end at 9,172.84 points (with a year-to-date performance to -4.65 percent). The equity market capitalization ended at MAD 462.554 billion (an increase of MAD 3.13 billion or US$323 million relatively to the previous market capitalization of MAD 459.420 billion). The market activity measured…

Mauritius Equity Markets | 05 Nov 2015 : Bear shows up at the SEM Equity markets,

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PORT LOUIS, Mauritius, Capital Markets in Africa — The bear appeared at the end of Thursday’s trading session at the Stock Exchange of Mauritius. The Mauritius official market equity market capitalization ended at MUR 209.877 billion after dropping MUR 278 million (about US$7.7 million) compared to the previous market capitalization of MUR 210.155 billion. In the same bearish mood, the Mauritius All Share Index (SEMDEX index) sagged by 0.13 percent or 2.49 points to close at…

Egypt’s economic and fiscal conditions are improving, but large financing needs ….

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Cairo, Egypt, Capital Markets in Africa — Reforms have sparked improvements in Egypt’s (B3 stable) public finances and economic conditions, but challenges remain, says Moody’s Investors Service in a report published on 3rd November 2015. The rating agency notes that the challenges include the government’s large financing needs, structural economic issues such as high unemployment and inflation, and elevated political risks. The rating agency projects real GDP growth of 5.0% for the current fiscal year…

The African Securities Exchanges Association (ASEA) Conference reflects strength of continent’s capital markets

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Johannesburg, South Africa, Capital Markets in African — The African Securities Exchanges Association (ASEA) —a premier association of 25 securities exchanges from across the continent—will hold its annual conference in Johannesburg from 15 – 17 November (http://www.2015aseaconference.co.za). ASEA President Oscar Onyema said that the theme of the conference—Africa Evermore: Growth for sustainability—embodied the potential, growth, and stability of Africa’s capital markets. The Johannesburg Stock Exchange (JSE), the continent’s largest and member of the World Federation of Exchanges (WFE),…

Reserve Bank of Malawi Raises Policy Rate by 2% as Inflation Surge in November

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LILONGWE, Malawi, Capital Markets in Africa — Reserve Bank of Malawi Monetary Policy Committee (MPC) met on 4th November 2015 and examined the external and domestic economic developments and decided to raise the Policy rate to 27 percent from 25 percent in order to contain second round effects of rising inflation, according to statement signed by the Reserve Bank of Malawi governor Mr Charles S.R. Chuka. The Liquidity Reserve Requirement (LRR) at 7.5 percent having adjusted…

Nigerian Equity Markets | 04 Nov 2015: OANDO and STANBIC Top Gainers’ Chart… NSE ASI Dips 7bps

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Lagos, Nigeria, Capital Markets in Africa — Loss in the broader index continued today, although moderated relative to previous sessions. Thus, the NSE-ASI closed 7bps lower, settling at 29,032.44ptspts. The fall in the index was against losses recorded in UNILEVER (-5.0%), NESTLE (-0.9%) and MOBIL (-9.8%). Equally, market capitalization contracted N7.0bn to N10.0tn. After investors exchanged 181.6m units of shares worth N2.1bn during trade today, aggregate volume and value rose 8.9% and 82.8% respectively. Sector indices…

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